Peoples Bancorp (NASDAQ:PEBO) EVP Hugh Donlon Sells 2,650 Shares of Company Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Hugh Donlon sold 2,650 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $38.12, for a total transaction of $101,018.00. Following the transaction, the executive vice president owned 18,365 shares in the company, valued at approximately $700,073.80. This trade represents a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp Trading Up 0.0%

PEBO opened at $38.20 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.37 billion, a PE ratio of 11.27 and a beta of 0.62. Peoples Bancorp Inc. has a 1-year low of $28.01 and a 1-year high of $42.29. The firm has a 50-day moving average price of $38.60 and a two-hundred day moving average price of $37.40.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 20th. The bank reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Peoples Bancorp had a net margin of 19.76% and a return on equity of 11.10%. The company had revenue of $124.52 million during the quarter, compared to the consensus estimate of $123.40 million. As a group, equities analysts anticipate that Peoples Bancorp Inc. will post 3.74 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.4%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 50.76%.

Analyst Ratings Changes

PEBO has been the topic of several research reports. Piper Sandler upped their price objective on Peoples Bancorp from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday. DA Davidson lowered their target price on Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Zacks Research upgraded Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Peoples Bancorp in a research note on Monday, October 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Peoples Bancorp in the second quarter valued at about $128,113,000. Dimensional Fund Advisors LP boosted its holdings in Peoples Bancorp by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,270,134 shares of the bank’s stock worth $74,619,000 after buying an additional 21,273 shares during the last quarter. Peoples Bank OH boosted its holdings in Peoples Bancorp by 1.6% during the first quarter. Peoples Bank OH now owns 443,618 shares of the bank’s stock worth $14,582,000 after buying an additional 7,043 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Peoples Bancorp during the 2nd quarter worth about $10,181,000. Finally, Segall Bryant & Hamill LLC grew its position in shares of Peoples Bancorp by 28.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 259,843 shares of the bank’s stock worth $8,541,000 after buying an additional 57,650 shares during the period. 60.68% of the stock is owned by institutional investors.

About Peoples Bancorp

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and public-sector customers.

Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.